RATE Group | Bitcoin and Altcoins At Risk of Breakdown
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Bitcoin and Altcoins At Risk of Breakdown

13 Dec Bitcoin and Altcoins At Risk of Breakdown

Posted at 09:49h in Bitcoin News by

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The past few sessions were mostly neutral for bitcoin as it continues to trade in a range with a bearish angle below USD 3,450. BTC/USD is struggling to rebound, which might result in a strong bearish reaction below USD 3,350 or USD 3,300 in the coming sessions. Similarly, ethereum price failed to surpass the USD 95 and USD 100 resistance levels on a couple of occasions. Ripple price is stuck just above USD 0.300 and below USD 0.310. Therefore, bitcoin and altcoins could either start a decent rebound soon or they might breakdown to new yearly lows.

Total market capitalization

Bitcoin and Altcoins At Risk of Breakdown 101
Source: coinmarketcap.com

Bitcoin price

There were mostly range moves below the USD 3,450 resistance level in bitcoin price . BTC/USD seems to be struggling (UTC 08:20 AM) near the USD 3,450 and USD 3,500 resistances. A successful close above the USD 3,500 barrier could clear the path for buyers to take control in the near term.
If buyers continue to fail near the USD 3,450 and USD 3,500 resistances, there…

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